capitalism

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Capitalism

The economic system in which the means of production is privately held. In capitalism, the most important means of production is money rather than land (as in feudalism) or labor (as in socialism). That is, the ability to raise and use money for the production of goods and services is more important than owning the land from which goods come, or the ability to work in order to create a good or service. As a result, government policies generally target the regulation (or not) of money and its uses rather than those of property and/or labor. While capitalism is often associated with laissez-faire policies, governments often involve themselves in capitalist countries. The appropriate amount of government intervention in a capitalist system remains hotly debated.

capitalism

see PRIVATE-ENTERPRISE ECONOMY
References in periodicals archive ?
He said the United States' capitalist system is now in a full-blown crisis because its "corrupt foundation has been exposed to the American people".
Having succeeded in establishing a firm foothold in the global capitalist system, China is inescapably caught in its logic no matter how much the communist party leadership tries to regulate its insertion into the system.
The women are enslaved in the name of so called social traditions, customs and outdated thinking, she claimed and added that they as worker face the worst exploitation of capitalist system which gives them fewer wages as compared to the wages of male workers.
In a systematic outline of the constellation and functioning of the capitalist system, Reuten explains the relations, institutions, and processes that are necessary for the continued existence of the capitalist system--that is, the capitalist economy as interconnected with the capitalist state.
Many responded by pointing out the hypocrisy involved: The publication is a product of capitalism owned by billionaires, and the Vogue brand generally chronicles and celebrates the very products and choices made possible through a market capitalist system.
It is no secret that capitalist systems have many fault lines and it is just a matter of which one triggers the wave first and in the case of 2008 it was subprime mortgage crisis in America.
The objective of this book according to Marx was "to explain the economic law of motion of modern society (capitalist system)" but this masterpiece of Marx's fatal labour is not just an explanation of the capitalist system, but is also a charge-sheet on the reality of the exploitative methods of the capitalist system.
The party activists said that no relief could come to any segment of society under the prevalent capitalist system. They would continue their struggle for the rights of working class, including women, they said.
Under the capitalist system, any individual can invest money in stocks of limited-liability corporations, and the individual investor will not be held liable for any of company's debt--only the money spent to purchase the stocks is at risk, nothing more.
The Marxist proposition can logically be taken as an implication: if a country uses a capitalist system of production, it will incur economic crises (p[right arrow]q) (3).
1. "Someday, the capitalist system will disappear in the United States, because no social class system has been eternal.
If Corbyn wins the ballot he will form a strong trustworthy opposition to the Conservatives and will fight on the right policies for decent people in our society who are currently vulnerable to the greed and gain at all costs of capitalist system policies of today.